UK Bans Coinbase from Publishing Ads That "Downplay" Cryptocurrency Risks

Odaily News: The UK Advertising Standards Authority (ASA) has banned a series of advertisements from Coinbase, stating that these ads portrayed the cryptocurrency exchange as a solution to cost-of-living issues while downplaying the risks of crypto investment. The ASA said the ads, which included a satirical-style music video and three posters, were "irresponsible" and "downplayed the risks of cryptocurrency." By using humor to address serious financial problems and implying "change," they could mislead consumers into thinking that complex, high-risk financial products are a simple or obvious choice to tackle these issues. These ads had previously been rejected for similar reasons by the television advertising clearance body Clearcast. (Cointelegraph)